AHM, Signature Bank Join Forces

American Home Mortgage Corp., Melville, N.Y., has announced that it will be providing private-label mortgage processing services for Signature Bank, New York, through AHM's online channel, Mortgage Select.The bank will maintain its own client relationships and sales efforts. "Mortgage Select's private-label program will provide Signature Bank's bankers with state-of-the-art processing and support technology," said Donald Henig, executive vice president of AHM's parent, American Home Mortgage Investment Corp., a real estate investment trust. "These features allow Signature Bank's private client teams to concentrate on client relationships and sales efforts as they maintain complete control throughout the mortgage loan process." Among the products AHM brings to the bank are condominium and co-op loans. In addition, another American Home Mortgage Investment subsidiary, Columbia National Inc., will assume the servicing rights of $46 million in existing Signature Bank mortgages.